Junior Pricing Analyst

at  LGM Financial Services Inc

LGM is a national leader in providing warranty, finance and insurance services to the Canadian automotive industry. Since 1998, LGM has been successfully supplying quality products and leading training solutions to Canadian franchised new car dealerships. Dealer partnerships are complemented with the strong backing and support of their automotive manufacturing brands, which include BMW/MINI, Kia, Mazda, Volvo, Mitsubishi Motors, Polestar and Motorrad.

JOB SUMMARY:

The Junior Data Analyst – Pricing is responsible for implementing pricing structures within the organization’s systems and gaining a strong understanding of products, processes, and data relevant to pricing and analytics. This role plays a key part in product launches, data validation, and process improvement to support business goals.

QUALIFICATIONS:

• Education: Bachelor’s degree in Mathematics, Statistics, Computer Science, Actuarial Science, Economics, Business, or related field.
• Experience: Previous experience in programming or related areas is preferred, but motivated candidates with required education qualifications and minimal experience will also be considered.

SKILLS:

• Strong analytical and quantitative abilities.
• Proficiency in Microsoft Excel; experience with data tools like SQL is an asset.
• Excellent attention to detail and problem-solving skills.
• Ability to work independently and manage multiple tasks efficiently.
• Effective communication skills, with the ability to explain technical concepts to non-technical stakeholders.
• Comfortable working under deadlines and pressure.

EDUCATION/EXPERIENCE:

• Bachelor’s degree in Mathematics, Statistics, Actuarial Science or related discipline
• Passed 1 or more actuarial exams
• Prior actuarial experience is preferred, but exceptional candidates with no experience will be considered.

KEY RESPONSIBILITIES:

• Implement pricing models and rate cards in the company’s quoting or pricing system.
• Collaborate on product launches by reviewing and updating pricing-related documentation.
• Conduct validation and testing of pricing systems through User Acceptance Testing (UAT).
• Analyze, reconcile, and maintain data for reporting purposes, recommending improvements for efficiency and accuracy.
• Maintain and update product or category-related guides as needed.
• Develop knowledge of relevant industry trends and best practices.

KEY RESPONSIBILITIES:

• Create, update, maintain pricing formulas for each program, and recommend and implement process improvements.
• Actively participate in claims liability analysis, including updating and maintaining analysis files.
• Retrieve and reconcile data to be used for analysis or reporting.
• Learn the data (including format) required for performing different types of analyses, and work with development to ensure data quality and automated data delivery.
• Provide review of analysis done by the Actuary.
• Prepare exhibits to convey pertinent information to SLT, other business units and our OEM partners.
• Support Claims with ad-hoc analysis, and work with Claims to understand their reporting needs in order to recommend an automated solution.
• Explore approaches to problem solving.
• Build understanding of the actuarial function at our company, as well as others.
• Build knowledge of the warranty and P&C insurance industries, and keep current, bringing any relevant news or information forward.